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USD/JPY Discussion

  • #8,321
  • Jun 15, 2008 11:09pm Jun 15, 2008 11:09pm
Quoting Firstboss
Careful, Trader, you just might end this complicated but working system as we know it
I agree 100%
The Dove - Forex Trainer
  • #8,322
  • Jun 15, 2008 11:15pm Jun 15, 2008 11:15pm
Quoting Firstboss
Careful, Trader, you just might end this complicated but working system as we know it
Well there are two worlds here.

The first is Accucharts, using the Sunday 17:00 price to calculate the Sunday daily change (based upon the server issue I previously described).

Then there is the world using the Friday 17:00 price as the close value to calculate today's daily change. That world includes Bloomberg, Reuters, InteractiveBrokers, other institutional platforms, etc.

Do you think Accucharts is correct?

As far as pivot calcs, this has no bearing on dove's method. I'm purely just talking about the way Accucharts handles the change field. Showing the daily price change *right now* as the change since 7 hours ago (17:00 today) is incorrect.

dove - the Sunday candle, i.e. 15:00 - 17:00 today, does not reflect what happened during 16:30 - 16:59 on Friday. They are two distinctly different periods each with distinctly different price activity.
  • #8,323
  • Jun 15, 2008 11:21pm Jun 15, 2008 11:21pm
Quoting Trader KGB
Well there are two worlds here.

The first is Accucharts, using the Sunday 17:00 price to calculate the Sunday daily change (based upon the server issue I previously described).

Then there is the world using the Friday 17:00 price as the close value to calculate today's daily change. That world includes Bloomberg, Reuters, InteractiveBrokers, other institutional platforms, etc.

Do you think Accucharts is correct?

As far as pivot calcs, this has no bearing on dove's method. I'm purely just talking about the way Accucharts handles the change field. Showing the daily price change *right now* as the change since 7 hours ago (17:00 today) is incorrect.

dove - the Sunday candle, i.e. 15:00 - 17:00 today, does not reflect what happened during 16:30 - 16:59 on Friday. They are two distinctly different periods each with distinctly different price activity.
In order for the Candles to move means there are traders out there trading...... Who may it be, I have no idea, but it is happening...... When the AccuCharts are open on Sunday it is finishing up Fridays trading and then it continues with the trading that is being done at that time....... the Sunday 17:00 Candle is correct.......
The Dove - Forex Trainer
  • #8,324
  • Jun 15, 2008 11:24pm Jun 15, 2008 11:24pm
Quoting dove_alliance
Also the Fibo can be set up automatically on the AccuCharts.
How is this done?
  • #8,325
  • Jun 15, 2008 11:29pm Jun 15, 2008 11:29pm
Quoting southernmind
How is this done?
I really can't answer that one...... I don't use the Fibo that much anymore...... Maybe some on here uses it will help you.
The Dove - Forex Trainer
  • #8,326
  • Jun 15, 2008 11:35pm Jun 15, 2008 11:35pm
Quoting dove_alliance
... You just have to be sure the high and low is right even if it flows into the Saturday calculation and using Sunday's close, at 16.59/17:00, you will get it right.
Was debating whether or not to post this, but on the off chance it's helpful, here it is. I had ginned this up earlier today for a different reason to send to friends who don't post here but have pivot questions, and use Accucharts.

The key to easy, accurate Sunday pivots is simply setting the basis date to Saturday at your normal close time. That automatically "looks back" and gets the proper data from the Friday candle. That is the only thing you change, except for manually entering the price. I hope the pics make this clear.

I use this method on 4 pairs, & it only takes a few minutes on Sunday eve to update things on several TF's.

Pics are of the "properties" box on the FXaccucharts tool. My time region is set to LOCAL (CST) so you'd need to adjust values accordingly for GMT or custom setting. I have checked these many times against manual calculations and have absolute confidence in their accuracy. Included is a shot of current UJ Sunday pivots from the data in the pics. (very handy to skype to friends w/o accucharts, which I do often)

For rest of the week, simply uncheck the user defined box, and reset each day to Monday or whatever, and it's done. At least until Sunday that is...
Attached Images
FUBAR...
  • #8,327
  • Jun 15, 2008 11:38pm Jun 15, 2008 11:38pm
Quoting dove_alliance
I really can't answer that one...... I don't use the Fibo that much anymore...... Maybe some on here uses it will help you.
Welcome Back Dove! I hope all is well!
  • #8,328
  • Jun 15, 2008 11:40pm Jun 15, 2008 11:40pm
Trader KGB is talking about this uncovered period between 16:30 and 17:00 on Friday.
The deviation from Dove's method will happen if new hig or new low occurs during that short time.
On the attached 5-min chart for the last Friday you can see the closing rice was 108.19.

Accucharts shows the first Sunday candle at 107.98 - completely different from what happened friday.
Attached Image (click to enlarge)
Click to Enlarge Name: USD-JPY 5 min.JPG Size: 45 KB
"Luxury is one of the basic needs", (c), Don Corleone
  • #8,329
  • Jun 15, 2008 11:43pm Jun 15, 2008 11:43pm
Quoting Firstboss
Trader KGB is talking about this uncovered period between 16:30 and 17:00 on Friday.
The deviation from Dove's method will happen if new hig or new low occurs during that short time.
On the attached 5-min chart for the last Friday you can see the closing rice was 108.19.

Accucharts shows the first Sunday candle at 107.98 - completely different from what happened friday.
There is a problem with NetDania...... It is not calculated with the 17:00 ET but at 20:00 for change of the daily candle
The Dove - Forex Trainer
  • #8,330
  • Jun 15, 2008 11:45pm Jun 15, 2008 11:45pm
Quoting trader07
Welcome Back Dove! I hope all is well!
Appreciate it Trader07...... and I hope all is well with you also.
The Dove - Forex Trainer
  • #8,331
  • Jun 15, 2008 11:46pm Jun 15, 2008 11:46pm
Southernmind, go to Insert - Fibonacci retracements. Than you have to expand the tool between the points you choose, Double clicking opens extended editing menu for it.
"Luxury is one of the basic needs", (c), Don Corleone
  • #8,332
  • Jun 15, 2008 11:47pm Jun 15, 2008 11:47pm
Quoting Firstboss
Trader KGB is talking about this uncovered period between 16:30 and 17:00 on Friday.
The deviation from Dove's method will happen if new high or new low occurs during that short time.
On the attached 5-min chart for the last Friday you can see the closing price was 108.19.
Thanks for the confirm.
  • #8,333
  • Jun 15, 2008 11:47pm Jun 15, 2008 11:47pm
Here is the one thing...... Everyone that knows me also knows I am accurate with these pivots and always have been...... They are calculated to the pip and I have never had problems with them and that is because they are calculated an a daily bases at 17:00 ET....... That is all I got to say on the matter.
The Dove - Forex Trainer
  • #8,334
  • Jun 15, 2008 11:50pm Jun 15, 2008 11:50pm
ak4x,
Very interesting explanation! However, my latest version of FxAccucharts looks different from your screenshot. I have properties menu accessible through Format-> Chart , but there are no options you mentioned...
"Luxury is one of the basic needs", (c), Don Corleone
  • #8,335
  • Jun 15, 2008 11:51pm Jun 15, 2008 11:51pm
Quoting dove_alliance
There is a problem with NetDania...... It is not calculated with the 17:00 ET but at 20:00 for change of the daily candle
Dove, I know about that Netdania glitch - that's why I look at X-minute chart to see the closing at 17:00
"Luxury is one of the basic needs", (c), Don Corleone
  • #8,336
  • Jun 15, 2008 11:54pm Jun 15, 2008 11:54pm
Quoting ak4x
The key to easy, accurate Sunday pivots is simply setting the basis date to Saturday at your normal close time.
Interesting, my version of Accucharts (7.0.0.563) has always grabbed the Friday prices for the Sunday pivots, all settings at default. Never had a problem with it.

edit - my mistake. Mine grabs the Friday prices because I have the Sunday premarket candle disabled by default. The extra candle on the daily chart causes lots of problems if you use the daily chart often.. plus I don't need to bothered with what Oanda traders are doing from 3-5pm on Sunday.

http://i29.tinypic.com/t7e43p.png
  • #8,337
  • Jun 15, 2008 11:58pm Jun 15, 2008 11:58pm
I will agree with Dove here.....before using the 1700et pivot time i was averaging alittle over 600 pips monthly....now i have doubled that total and even tripled this some months.....and trading only the dollar/yen....this pair is usually predictable......i'm loving it......i am a believer if it works don't fix it....

Quoting dove_alliance
Here is the one thing...... Everyone that knows me also knows I am accurate with these pivots and always have been...... They are calculated to the pip and I have never had problems with them and that is because they are calculated an a daily bases at 17:00 ET....... That is all I got to say on the matter.
  • #8,338
  • Jun 16, 2008 12:02am Jun 16, 2008 12:02am
Quoting Firstboss
Dove, I know about that Netdania glitch - that's why I look at X-minute chart to see the closing at 17:00
The NetDania Charts are not accurate...... Their server is not even in the USA......
The Dove - Forex Trainer
  • #8,339
  • Jun 16, 2008 12:03am Jun 16, 2008 12:03am
Quoting Firstboss
Southernmind, go to Insert - Fibonacci retracements. Than you have to expand the tool between the points you choose, Double clicking opens extended editing menu for it.

I appreciate the response Firstboss, but I already know how to draw the fibs. Dove mentioned that they can be drawn automatically. I took that to mean that it was done in a similar manner to how the pivots are calculated with the click of a button.
  • #8,340
  • Jun 16, 2008 12:05am Jun 16, 2008 12:05am
Quoting Firstboss
...my latest version of FxAccucharts looks different from your screenshot. I have properties menu accessible through Format-> Chart , but there are no options you mentioned...
I should have said it's the properties box, but to expand the parameters option shaded pink. Yellow box is my current version. That help?

I do know there is some confusion about the current update that is awaiting an answer from the accucharts rep... several of us have posted about this, but no reply I'm aware of. http://www.forexfactory.com/showpost...6&postcount=55
Attached Image
FUBAR...
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